Malaysia's edotco, backers plan stake sales in hot telco towers market

Malaysia's edotco, backers plan stake sales in hot telco towers market

FILE PHOTO: A general view of the Axiata headquarters building in Kuala Lumpur, Malaysia, October 1, 2019. REUTERS/Lim Huey Teng

Asia-focussed telecoms tower firm edotco Group, its Malaysian parent Axiata and a Japanese backer are in talks with investors for stake sales, in a deal that could raise about $1.2 billion, four sources familiar with the matter said.

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